Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

A 'Special Notified Zone' is soon to be launched at Surat Diamond Bourse

21 december 2023

An SNZ, set to be the largest in India, will soon be launched at the Surat Diamond Bourse (SDB) for import and trading of rough diamonds.

“The GJEPC had played a significant role in the dream of Prime Minister Narendra Modi, who envisioned the establishment of SNZ at the World Diamond Conference held in 2014 in Delhi. We are planning to start SNZ at SDB in the coming days," said GJEPC Gujarat Regional Chairman Vijay Mangukiya. He added that GJEPC is waiting for government clearance to announce the SNZ.

Dinesh Navadiya said, “The SNZs, both in Surat and Mumbai, stand as a testament to India’s ascent as a global diamond trading hub. The upcoming SNZ at SDB will redefine industry standards, foster international collaboration and propel the Indian diamond industry to new heights.”

The SNZ at the Surat Diamond Bourse, set to be the largest in India, features state-of-the-art infrastructure, including 15 fully-equipped cabins, a high-security monitoring room and 24/7 security system. Located at the address B 210, it spans an area of 4,500 square feet.

Since its inception in 2015, SNZ has garnered global attention by hosting major mining companies such as Alrosa, De Beers, Rio Tinto, Dominion Diamonds Corp and Okavango Diamond Company. These companies account for 85 per cent of total rough diamonds produced globally, and the SNZ has witnessed over 25,000 visitors showcasing more than 15 million carats of rough diamonds valued at over USD 3 billion.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished